In 2017 taxpayers will get an extra weekend to compose and submit their tax returns. New type of scrutiny of 2 tax credits will mean a delay in refunds until late February for all those taxpayers who are going to claim on tax credits. These are going to be the two big changes about which Uncle Sam is warning people as the country prepares itself for the next income tax season which is going to start on the 23 rd of January, 2017 which is a Monday.
As we reach January every year, we are already done with the vacations and the gay part of the year. For most of us, it is the time of the year when we resume our regular business. This resumption of the business definitely means we start thinking of our life all over again from the professional aspects. One of the most essential part which we consider during the following 3 month period is Income Tax which is a very important yearly activity for the people whose income come under the bracket of income tax payee. For them, the Social Security Administration Benefits Changes for the year 2017 would be immensely essential as they are here with the potential to change the level of your benefits forever.
If you are one of those people who like to be prepared ahead of time, then this is the perfect time to start thinking about your tax filing plans. Many of you may not even think about tax returns till April rolls in but the smart thing to do is to plan ahead. So, what are some of the things you should be doing right now to make your tax planning easier for the next fiscal year? Let us take a look.